Compare Bank & Credit Union Rates
Best auto loan rates, new and used
Compare the lowest advertised APRs for new and used vehicle loans from banks and credit unions, with terms, conditions and original sources.
Top new-car loan rates
Showing 1–15 of 24 in Richmond, VA metro · median 4.99% APR
- 3.74%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
New Auto Purchase (Never Titled), term 49-60 months. Includes maximum rate reduction discount of 1.50% APR.
Auto loan score 93 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - Call Federal Credit UnionNew Car Loans: 2022 – Newer Model Years · 49–60 months
Credit union · 8 branches
3.99%APRas low aswith conditionsThis rate needs a checking account, direct deposit or relationship with the lender.
Terms
Assumes top-tier credit and maximum discount.
Auto loan score 91 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as
Terms
As low as rate for 37-60 months on new vehicles (2025 and newer model years). Assumes excellent credit.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Individual rates based on credit worthiness. All terms, conditions and rates subject to loan officer approval. Example Payment (per $1,000): $85.31.
Auto loan score 88 · Carrot Score 90
Rate checked · Auto loans rates on its site
Rates and branches - Argent Credit UnionNew & Used Cars / Trucks / SUV / Motorcycles · 49–66 months
Credit union · 8 branches
4.49%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rate is 'as low as'. Assumes excellent credit, LTV <= 125%, model year 2015 or newer, and includes a 0.25% discount for an approved automated payment method.
Auto loan score 87 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - Virginia State University Federal Credit UnionNew Vehicles & Motorcycles Model Year 2021-2025 · up to 84 months
Credit union · 1 branch
4.49%APRas low as · up to 12.49%4.49% APR, up to 12.49%
Terms
Model Year 2021-2025. Up to 84 Months.
Auto loan score 85 · Carrot Score 67
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low aswith conditions
This rate needs autopay.
Terms
Rates as low as 4.49% APR assume excellent credit and include discounts. Members may be eligible for up to 2 of 3 available discounts (up to a 1% APR rate discount): 0.50% discount for an approved automated payment method, 0.50% discount for loan-to-value (LTV) that is 100% or less, and 0.50% Loyalty discount for members who have had a loan with us within the last five years or membership history of 10+ years. Repayment terms up to 84 months for vehicle model year 2014 or newer.
Auto loan score 83 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as · up to 12.00%
4.50% APR, up to 12.00%
Terms
Vehicle Type: New. Approximate Term: Up to 84 Months. Rate based on creditworthiness. Vehicle value based on MSRP or source approved by credit union.
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.69%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
As low as APR. Listed APRs assume excellent credit, a 0.500% discount for an approved automated payment method, a 1.00% discount for LTV <= 115%, and a 1.5% discount for loan amount of $35,000 or more.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.84%APRas low as
Terms
Actual rate will vary depending on applicant's credit ratings and length of loan term. Posted rates are for existing members of the Credit Union. Members in some relationship pricing groups qualify for a 0.25% APR discount.
Auto loan score 86 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as · up to 17.49%
4.99% APR, up to 17.49%
Terms
New & Used / Refinance (from other lender). Rate determined by credit qualifications. Up to 60 months.
Auto loan score 83 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - Vantage Point Federal Credit UnionNew & Used Vehicle Rates ( 10 Years & Newer) · up to 84 months
Credit union · 1 branch
4.99%APRas low asTerms
As low as rate for new & used vehicles (10 years & newer). Based on approved credit; rate may vary based on credit score, credit term, and underwriting standards. Subject to change without prior notice.
Auto loan score 83 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - 1st Advantage Federal Credit UnionNew Auto Loans (Models 2024 and Newer) · up to 60 months
Credit union · 1 branch
4.99%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rate includes 0.25% discount with autopay set up & 0.25% discount on B+ and higher credit scores with 80% LTV. Regardless of available discounts, 4.74% is the minimum APR offered.
Auto loan score 79 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 5.00%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
New vehicles only. Rate shown includes a 1/4% discount for payment by payroll deduction or automatic transfer from your DECU account. Rates are based on credit qualifications.
Auto loan score 63 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.09%APRas low as · up to 17.99%
5.09% APR, up to 17.99%
Terms
Daily periodic rate 0.0139% to 0.0493%
Auto loan score 76 · Carrot Score 69
Rate checked · Auto loans rates on its site
Rates and branches
Each institution’s lowest advertised APR for the vehicle, at terms that reach 60 months: usually its best-credit rate, so yours depends on your credit, the term and the vehicle. A rate that needs autopay, a checking account or similar says “with conditions”; More filters can leave those out. Refinance, lease buyout, recreational and promotional rates that have ended are left out, and a rate far below what other lenders advertise is listed lower down until it’s checked. Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates. How we rank
What new auto loans cost in Richmond, VA metro
24 banks and credit unions · checked Oct 15–22
- Typical
- 4.99%
- Top 10% up to
- 4.35%
- Banks, typical
- 6.39%
- Credit unions, typical
- 4.69%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Richmond, VA metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Langley Credit UnionCredit union · 1 branch
- Primis BankBank · 9 branches
- Peoples Advantage FCUCredit union · 4 branches